Captrust Financial Advisors Cuts Stake in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Captrust Financial Advisors lowered its stake in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG - Free Report) by 55.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 19,463 shares of the bank's stock after selling 24,525 shares during the period. Captrust Financial Advisors' holdings in Sumitomo Mitsui Financial Group were worth $282,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of SMFG. Bessemer Group Inc. grew its holdings in shares of Sumitomo Mitsui Financial Group by 138.1% in the fourth quarter. Bessemer Group Inc. now owns 1,929 shares of the bank's stock worth $28,000 after acquiring an additional 1,119 shares during the period. TD Waterhouse Canada Inc. boosted its position in Sumitomo Mitsui Financial Group by 2,178.7% in the fourth quarter. TD Waterhouse Canada Inc. now owns 3,099 shares of the bank's stock worth $45,000 after purchasing an additional 2,963 shares during the last quarter. Richardson Financial Services Inc. grew its stake in shares of Sumitomo Mitsui Financial Group by 36.8% during the 4th quarter. Richardson Financial Services Inc. now owns 3,496 shares of the bank's stock valued at $51,000 after purchasing an additional 940 shares during the period. Sierra Ocean LLC bought a new stake in shares of Sumitomo Mitsui Financial Group during the 4th quarter valued at about $86,000. Finally, Parkside Financial Bank & Trust increased its position in shares of Sumitomo Mitsui Financial Group by 32.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 7,944 shares of the bank's stock valued at $115,000 after purchasing an additional 1,968 shares during the last quarter. Institutional investors own 3.85% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded shares of Sumitomo Mitsui Financial Group from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd.

Sumitomo Mitsui Financial Group Stock Performance

Shares of Sumitomo Mitsui Financial Group stock traded up $0.28 on Tuesday, hitting $15.42. 3,248,519 shares of the company's stock were exchanged, compared to its average volume of 1,453,863. Sumitomo Mitsui Financial Group, Inc. has a 1 year low of $10.74 and a 1 year high of $16.74. The company has a 50-day simple moving average of $14.22 and a 200-day simple moving average of $14.62. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.05 and a current ratio of 1.06. The stock has a market capitalization of $99.83 billion, a PE ratio of 14.97, a PEG ratio of 2.36 and a beta of 0.40.

Sumitomo Mitsui Financial Group (NYSE:SMFG - Get Free Report) last posted its quarterly earnings data on Wednesday, May 21st. The bank reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates of $0.07 by ($0.05). The company had revenue of $16.55 billion for the quarter. Sumitomo Mitsui Financial Group had a net margin of 12.61% and a return on equity of 8.52%. As a group, equities analysts anticipate that Sumitomo Mitsui Financial Group, Inc. will post 0.39 EPS for the current year.

Sumitomo Mitsui Financial Group Company Profile

Sumitomo Mitsui Financial Group, Inc, together with its subsidiaries, provides banking, leasing, securities, credit card, and consumer finance services in Japan, the Americas, Europe, the Middle East, Asia, and Oceania. It operates through Wholesale Business Unit, Retail Business Unit, Global Business Unit, and Global Markets Business Unit segments.